“It’s serious when somebody takes a home in a residential neighborhood and rents it out like a hotel.”Other cities have already severely restricted this business model and impose heavy fines.  

But I am even more excited to reach my goals.I am hoping to close my first house hacking deal in the Spring of 2017.I currently work full time as a Client Services Account Manager for a Health Insurance company.I enjoy the security and responsibility of my FT job but I also look forward to accomplishing my goals of supplementing my income, setting up a long term “retirement” plan, creating a legacy and ownership for my children and the overall accomplishment of OWNERSHIP.I look forward to using REI as a vehicle to get there.I am very excited to “learn the ropes” and hopefully partner with other seasoned investors in an effort to grow in the business.My initial goal is to establish about $500/month from income properties and to accumulate $100K in cash to start, within the next 2 years.Lofty but doable…I would like to use the “buy, rehab, rent and refinance” as my primary strategy.I would also like to identify a mix of wholesale and fix and flip deals along the way.I have been looking through the forums and posting some questions myself and I would just like to say thank you to everyone!

just wanted to comment that creating your own LLC gives you no protection against a bad deal.LLC is simply a vehicle created to hold property or own a business.. it can give some personal protection in case of litigation from other third parties but won't protect you as an investor if the deal goes south..

Home also features many large double pane windows with nice wood blinds and heavy window trim throughout living areas, crown moulding throughout the home, quality front door with sidelights, 2 car steel garage builiding, large driveway with 2-3 car carport, 2 ac and heater units, 2 hot water heaters, front built in porch, large rear screened in porch, with small porch leading to backyard.

But FHA loans are designed to help the owner occupants own Single Family houses. 3-4 plex building are generally investment vehicles and have more deferred maintenance, these issues frequently get called out during appraisal.

If you are looking to move heavy and fast next year, might be worth looking into a lawyer.

Well there is no way to get to the basement other than narrow stairs as is common.I was figuring rumor.. we finally got possession I send my day labor in to start to clean away areas so we can do an Asbesto's survey prior to demo... and lo and behold full blown chevy in the basement... so I guess I am going to need a bigger machine to wrench it out of there maybe I can get a self loading log loader and a heavy duty chain and lift it out in one piece...

Not a big fan of Orlando due to the traffic and Disney tourists.The humidity this summer seems extra heavy, something to get used to but better than snow and ice that I used to deal with.  

It's claimed on your 1040 and can be up to 20% of your qualified business income.2) If there is a piece of equipment or a vehicle that you need, now would be the time to buy it.3) Retirement plans?

there are a lot of good residents in newark but the good ones will not want to be in bad areas. why would you want a property in a heavy drug and crime area?